It is quite difficult to predict the impact of a new technology on an existing

It is quite difficult to predict the impact of a new

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innovate until the ballpoint pen was well established. It is quite difficult to predict the impact of a new technology on an existing product. Still, the need to monitor the environment for new technological developments is obvious. Attention must also be given to developments in industries that are not direct competitors, since technology developed in one industry may impact companies and organizations in others. LEGAL FACTORS: Legal section provides information about the legal structure, corporate laws, laws to start a new business and the tax regime. Legal dimension of the general environment also affects business activity. The philosophy of the political parties in power influences bus practices. The legal environment serves to define what organizations can and cannot do at a particular point in time. The legal environment facing organizations is becoming more complex and affecting businesses more directly. It has become increasing difficult for businesses to take action without encountering a law, regulation, or legal problem. A very brief listing of significant laws that business would include legislation in the areas of consumerism, employee relations, the environment, and competitive practices. Many of the laws also have an associated regulatory agency. Powerful U.S. regulatory agencies include the Environmental Protection Ag (EPA), the Occupational Safety and Health Administration (OSHA), the Equal Employment Opportunity Commission (EEOC), and the Sec and Exchange Commission (SEC).
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10/15/19, 4)28 PM Pestle Analysis On Mexico Page 4 of 5 The 1917 constitution provides for a federal republic with powers separated into independent executive, legislative, and judicial branche president is elected by universal adult suffrage for a 6-year term and may not hold office a second time. There is no vice president; in th of the removal or death of the president, a provisional president is elected by the Congress. The Congress is comprised of a Senate and Chamber of Deputies. Consecutive re-election are prohibited in this economy. Senators are elected to 6-year terms, and deputies serve terms. The Senateʼs 128 seats are filled by a mixture of direct-election and proportional representation. Supreme Court justices are app by the president and approved by the Senate. Estimates of the cost of compliance vary widely, but could well exceed $100 billion annually. Many of these costs are passed to consum However, costs of legal expenses and settlements may not be incurred for years and are not likely to be paid by consumers of the produ owners of the company when the violation occurred. Still, potential legal action often results in higher prices for consumers and a more conservative attitude by business executives.
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